Venezuela: Free gas to gas stations

posted by
October 17, 2011
Christian Science Monitor    
Posted in PND News

"Well, it had to happen, the price of gasoline has been frozen so long (13 years) and the margin PDVSA gives gas station owners is so tiny that over two months ago the company decided it was not even worth collecting the small difference. Thus, PDVSA is now giving away gasoline to gas station owners for free, according to a Sunday El Universal article. This is just another symbolic event in the economic idiocy of the Bolivarian revolution, a company that needs billions of dollars to invest in maintaining its level of production, gives over ten billion dollars of free gasoline each year. In this way the richer you are, the more of a subsidy you get. Talk about regressive." (10/17/11)

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